Comerica Bank raised its position in Tenet Healthcare Corp (NYSE:THC) by 6.0% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 58,900 shares of the company’s stock after buying an additional 3,351 shares during the period. Comerica Bank owned approximately 0.06% of Tenet Healthcare Corp worth $1,073,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Icon Advisers Inc. Co. acquired a new position in Tenet Healthcare Corp during the third quarter worth $1,937,000. BlackRock Advisors LLC boosted its position in Tenet Healthcare Corp by 86.2% in the third quarter. BlackRock Advisors LLC now owns 4,567,713 shares of the company’s stock worth $103,504,000 after buying an additional 2,114,791 shares during the last quarter. FDO Partners LLC acquired a new position in Tenet Healthcare Corp during the third quarter worth $1,743,000. Three Peaks Capital Management LLC purchased a new stake in Tenet Healthcare Corp during the third quarter valued at approximately $5,117,000. Finally, BlackRock Group LTD raised its stake in Tenet Healthcare Corp by 71.8% in the third quarter. BlackRock Group LTD now owns 1,877,045 shares of the company’s stock valued at $42,533,000 after buying an additional 784,764 shares during the period.
Tenet Healthcare Corp (NYSE:THC) traded up 2.40% on Friday, reaching $15.35. The company’s stock had a trading volume of 5,431,703 shares. The firm has a 50 day moving average price of $17.75 and a 200 day moving average price of $18.06. Tenet Healthcare Corp has a 52 week low of $14.06 and a 52 week high of $34.08. The stock’s market capitalization is $1.53 billion.
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THC has been the subject of a number of analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $28.00 price target on shares of Tenet Healthcare Corp in a research report on Thursday, April 13th. Deutsche Bank AG initiated coverage on Tenet Healthcare Corp in a research report on Tuesday, April 4th. They issued a “buy” rating and a $28.00 price target for the company. Royal Bank of Canada restated a “hold” rating and issued a $25.00 price target on shares of Tenet Healthcare Corp in a research report on Friday, March 3rd. Leerink Swann restated a “market perform” rating and issued a $22.00 price target on shares of Tenet Healthcare Corp in a research report on Tuesday, January 24th. Finally, Citigroup Inc dropped their price target on Tenet Healthcare Corp from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, March 6th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.92.
About Tenet Healthcare Corp
Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.
